M&A Deal Summary

Woodlawn Partners and Salem Investment Partners Acquire BW Manufacturing

On June 16, 2017, private equity firm Woodlawn Partners and mezzanine finance firm Salem Investment Partners acquired machinery company BW Manufacturing

Acquisition Highlights
  • This is Woodlawn Partners’ 1st and Salem Investment Partners’ 1st transaction in the Machinery sector.
  • This is Woodlawn Partners’ 9th and Salem Investment Partners’ 45th transaction in the United States.
  • This is Woodlawn Partners’ 1st and Salem Investment Partners’ 3rd transaction in Michigan.

M&A Deal Summary

Date 2017-06-16
Target BW Manufacturing
Sector Machinery
Buyer(s) Woodlawn Partners
Salem Investment Partners
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Generational Equity LLC (Financial)

Target

BW Manufacturing

Comstock Park, Michigan, United States
BW Manufacturing is a manufacturer of concrete flooring equipment and industrial vacuums for the building, restoration, and maintenance industries, as well as utility and manufacturing plants. The company's products are used primarily in the construction and restoration of bridge decks, roads, and commercial facilities such as warehouses. BW Manufacturing was founded in 1996 and is based in Comstock Park, Michigan.

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Buyer(S) 2

DESCRIPTION

Woodlawn Partners, Inc. is a private investment firm focused on acquiring businesses in traditional industries. The Firm targets companies with at least $5 million in revenues and $1 million of EBITDA. Sectors of interest include manufacturing, facility services, information technology, financial services, food/beverages, transportation, and distribution. Woodlawn Partners is based in Chicago, Illinois.


DEAL STATS #
Overall 9 of 15
Sector (Machinery) 1 of 2
Type (Buyout (LBO, MBO, MBI)) 7 of 13
State (Michigan) 1 of 1
Country (United States) 9 of 15
Year (2017) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-01 Truesdell

Tempe, Arizona, United States

Truesdell is a provider of quality repair, restoration, strengthening, protection, and maintenance of concrete structures. Comprehensive services range from assistance with initial diagnosis to final completion. Truesdell has completed more than 7,000 projects on a wide variety of national and international repair projects ranging from high-rise buildings, nuclear power generating plants, airports, residential projects, water treatment facilities, and a sizeable amount of public agency DOT work. Truesdell was founded in 1975 and is based in Tempe, Arizona.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-06 EnviroForensics

Indianapolis, Indiana, United States

EnviroForensics is an operator of environmental engineering, consulting and remediation design firm focused on resolving environmental problems, involving political, technical, regulatory, legal, and financial issues, with business-oriented strategies for property owners, businesses, and municipalities. EnviroForensics was founded in 1996 and is based in Indianapolis, Indiana.

Buy -
DESCRIPTION

Salem Investment Partners specializes in debt and equity investments in privately-held, middle-market businesses across the Southeast and Mid-Atlantic regions of the US. Salem looks to invest $2 to $10 million per transaction to help support growth, acquisitions, recapitalizations, and buyouts. Sectors of interest include business services, light manufacturing, consumer products, and distribution. Salem Investment Partners was formed in 1999 and is based in Greensboro, North Carolina.


DEAL STATS #
Overall 45 of 58
Sector (Machinery) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 32 of 40
State (Michigan) 3 of 4
Country (United States) 45 of 58
Year (2017) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-01 Himalayan Handmade Candles

Duluth, Georgia, United States

Himalayan Handmade Candles is a manufacturer of fragranced candles in reusable original containers. Himalayan candles are poured using artisan techniques with a natural soy wax blend and high quality essential and fragrance oils. They will burn exceptionally well a clean even burn with minimal sooting, leaving little to no residue and a lingering fragrance. Himalayan Handmade Candles is based in Duluth, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-01 Global Value Commerce

Raleigh, North Carolina, United States

Global Value Commerce is a technology e-commerce solutions provider, secondary market (“re-commerce”) expert and owner/operator of North America’s leading golf e-platform for pre-owned golf equipment and new golf gear. Global Value Commerce was established in 2001 and is based in Raleigh, North Carolina.

Buy -